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speaker boehner. he looks like he's about had. >> yes, he came out of the white house meeting today and use the word were disappointed, which is very diplomatic for what happened. there is no mystery about barack obama. this is the man we have come to know for the last four years. he has no intention of compromising. no intention of cutting spending. he has never shown any indication of that. he has every intention of raising the rate and will not compromise. lou: steve murphy is shaking his head. why are you shaking your head? >> because the president thought he had a deal last year with the house of representatives. the president is willing to do this with mostly spending cuts. lou: is often about the negotiations for anyone to do that. [talking over each other] [talking over each other] lou: if you want, watch the markets tonight. lou: watch the markets in europe and asia with the rhetoric today from washington dc and you tell me how sanguine you are about a deadline around christmas. the markets,
speaker boehner. he looks like he's about had. >> yes, he came out of the white house meeting today and use the word were disappointed, which is very diplomatic for what happened. there is no mystery about barack obama. this is the man we have come to know for the last four years. he has no intention of compromising. no intention of cutting spending. he has never shown any indication of that. he has every intention of raising the rate and will not compromise. lou: steve murphy is shaking...
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Nov 30, 2012
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so john boehner has wiggle room. he can look like he's the tough guy to the tea party folks who have to vote him back in as speaker. tom cole is really laying out the policy. if they wanted to shut him up, he would have been shut up. and so, where does this leave them? they're not going to play the card on the debt ceiling because that was a disaster for them. they're going to say, you know what, we tried to say the democrats were not serious about spending cuts, but they have no option. they lost the election. you know, republican voters were lied to about the state of the polls. they were lied to about the state of america. and if they want to believe that this is the only path that only spending cuts will get them to deficit reduction, they can carry on believing that or get to a place where they're going to get re-elected. >> richard, i think the president is offering a great deal to the republicans. here's why. these guys can go home 98% and say, you know what, 98% of you, i got the tax cuts. i didn't raise your
so john boehner has wiggle room. he can look like he's the tough guy to the tea party folks who have to vote him back in as speaker. tom cole is really laying out the policy. if they wanted to shut him up, he would have been shut up. and so, where does this leave them? they're not going to play the card on the debt ceiling because that was a disaster for them. they're going to say, you know what, we tried to say the democrats were not serious about spending cuts, but they have no option. they...
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Nov 30, 2012
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they don't want to hear boehner capitulate. if you read a lot of the right wing sides, not the crazy once, they're already teeing up to say bain ser a failure, he gave into obama. they want to hear him talk the talk. while he still has the rejectionists in hand in the lame duck caucus and while he has that donor class that wants to hear this conservative rhetoric, he's still got to play the game. behind the jeans i think republicans understand they're going to lose that top rate fight. they're going to lose that and i wouldn't be surprised if they wound up putting the debt creeling into the deal at the end, but up until the moment they make the deal, he's got to talk the talk. >> if i was only interested in right wing money and money at the top, i would say that's all true and, therefore, the faster they make a deal the better because if they're going to raise the rate anyway, get it over with. >> it would be better for the republicans if they make a deal now. >> boehner can make a better deal now. the question is whether anyon
they don't want to hear boehner capitulate. if you read a lot of the right wing sides, not the crazy once, they're already teeing up to say bain ser a failure, he gave into obama. they want to hear him talk the talk. while he still has the rejectionists in hand in the lame duck caucus and while he has that donor class that wants to hear this conservative rhetoric, he's still got to play the game. behind the jeans i think republicans understand they're going to lose that top rate fight. they're...
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Nov 30, 2012
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speaker of the house john boehner called it dead on arrival yesterday. the question is whether democrats in the senate hold the line here or whether they say, we need to do something about a carl levin seems to think you can't push this through with the nuclear option. you need to get two-thirds on board. >> this is what happened when they last considered this in 2010 where you had the gray beards of the institution say no, this is supposed to be the [ inaudible ] for the house and chris dodds go to the floor and say this cannot happened. what happens with gray beards is they usually leave. >> or get grayer. >> we have a new class of senate democrats coming in and saying there is a legal and constitutional basis for doing this. the thing that i think gets confused here, is that they're not doing away with the filibuster. what reid is trying to do -- >> i think they should do. >> well, you can make -- you can have the argument because a lot of reproductive rights groups would be more cauckau -- cautio about them. have them show up and get 40 votes. >> if
speaker of the house john boehner called it dead on arrival yesterday. the question is whether democrats in the senate hold the line here or whether they say, we need to do something about a carl levin seems to think you can't push this through with the nuclear option. you need to get two-thirds on board. >> this is what happened when they last considered this in 2010 where you had the gray beards of the institution say no, this is supposed to be the [ inaudible ] for the house and chris...
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now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries will offer the best investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out hope for a second life for twinkies, ho- hos and ding-dongs, there's encouraging news. hostess says it is in talks with more than 100 interested buyers. at the same time, hostess is seeking approval in banruptcy court to pay its top executives $1.8 billion in bonuses to retain them during the year-long wind- down process. union reps are asking the judge to bring i
now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries...
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that boehner knows, there is nothing i can do. we're going to have to go off the curb for my members to understand where we really are. we're going to have to have one week of the united states of america operating under higher tax brackets, higher withholding, on takehome pay. and then i'll be able to talk some sense to them. and from the president's side of it, going off the cliff, the curb, just gives him the tax rates he wants at the top and then you just have to adjust down from that. >> i agree. and i think people should generally ignore what boehner is saying and the way he's saying it. i totally agree with you. i think that boehner right now, he can't humiliate his caucus. he can't come out and publicly admit, look, we're beaten. he's got to still talk the tea party talk to the extent they have any power left. >> but he let's tom cole go out there and tell the truth. >> right. >> that is a boehner authorized mission, cole going out there. >> totally agree. >> chris hayes and joy reid, thank you. chris hayes' show is "up wi
that boehner knows, there is nothing i can do. we're going to have to go off the curb for my members to understand where we really are. we're going to have to have one week of the united states of america operating under higher tax brackets, higher withholding, on takehome pay. and then i'll be able to talk some sense to them. and from the president's side of it, going off the cliff, the curb, just gives him the tax rates he wants at the top and then you just have to adjust down from that....
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loser speaker of the house john boehner. he offered the president a peace pipe and got in return a demand that he turned over his sword, his shirt and at the end his trousers. that is a rather embarrassing position for the speaker. >> bret: he will be asked about it on "fox news sunday" with chris wallace. that is it for the panel. but stay tuned to see one thing congress did accomplish today. victor! victor! i got your campbell's chunky soup. mom? who's mom? i'm the giants mascot. the giants don't have a mascot! ohhh! eat up! new jammin jerk chicken soup has tasty pieces of chicken with rice and beans. hmmm. for giant hunger! thanks mom! see ya! whoaa...oops! mom? i'm ok. grandma? hi sweetie! she operates the head. [ male announcer ] campbell's chunky soup. it fills you up right. >> bret: finally tonight, the big power ball lottery is over but the house had its own lottery today the office lottery for the incoming class of house freshman who become lawmakers early next year. this is a really big deal. they draw lots for the
loser speaker of the house john boehner. he offered the president a peace pipe and got in return a demand that he turned over his sword, his shirt and at the end his trousers. that is a rather embarrassing position for the speaker. >> bret: he will be asked about it on "fox news sunday" with chris wallace. that is it for the panel. but stay tuned to see one thing congress did accomplish today. victor! victor! i got your campbell's chunky soup. mom? who's mom? i'm the giants...
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speaker boehner's decision to finally a woman. diane says, he must have looked through one of mitt's binders of women. that's a good one. and linda said, if women were in charge of all of the committees, they might be able to get something done. we'll have a lot more on boehner's new chairman. but, first, we want to hear what you think. please head over to facebook and search "politicsnation" and "like" us to keep the conversation going long after the show ends. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about t
speaker boehner's decision to finally a woman. diane says, he must have looked through one of mitt's binders of women. that's a good one. and linda said, if women were in charge of all of the committees, they might be able to get something done. we'll have a lot more on boehner's new chairman. but, first, we want to hear what you think. please head over to facebook and search "politicsnation" and "like" us to keep the conversation going long after the show ends. [ male...
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Nov 30, 2012
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but a few days ago john boehner said something very, very telling. he told politico, quote, which is a place for everything. hold everything. there is a price for everything. that, ladies and gentlemen is transactional politics at its finest. what will you give me to get what you want? so, today president obama dispatched his top economic advisor, his deputy to find out exactly what that price is. and that's treasury secretary timothy geithner net with the top four congressional leaders pelosi, ma con el, mcconnell and reid and he brought a specific plan from the white house with him. that plan from the president in trying to resolve the fiscal cliff asks for, $1.6 trillion in new revenue. and that's supposed to come from raising taxes on the wealthiest. the president's plan asks for an extension of the payroll tax cut. and an extension of unemployment insurance benefits. it asks for a deferral of those automatic sequester cuts to defense spending and to local -- to domestic spend being. and it also asks, i love this one, a multi-year stimulus packag
but a few days ago john boehner said something very, very telling. he told politico, quote, which is a place for everything. hold everything. there is a price for everything. that, ladies and gentlemen is transactional politics at its finest. what will you give me to get what you want? so, today president obama dispatched his top economic advisor, his deputy to find out exactly what that price is. and that's treasury secretary timothy geithner net with the top four congressional leaders pelosi,...
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any surprise that the president's proposal was outright rejected by speaker boehner? it was an "in your face" proposal to him. >> it was. i'm not surprised. i don't think any of us are surprised it was rejected. i think we're a little surprised, maybe a lot surprised it was put forward in the first place. this is really different. barack obama, this is a really different negotiating posture and position that he is starting from. if we look back to that horrible debt ceiling fiasco from last summer in 2011, i think we all remember how bleak that was that obama started his negotiating position really from a place that met the republicans more than halfway so he was going to be bound to end up meeting them in the final analysis. which is what happened. it was demoralizing. now, after re-election, he has been obviously very embowdenned. he's put forth something -- it is clear they won't accept it. they won't wake up tomorrow morning and think they want more stimulus spending. this is a strong move. >> eliot: it is exactly right. really, the president is almost moving away
any surprise that the president's proposal was outright rejected by speaker boehner? it was an "in your face" proposal to him. >> it was. i'm not surprised. i don't think any of us are surprised it was rejected. i think we're a little surprised, maybe a lot surprised it was put forward in the first place. this is really different. barack obama, this is a really different negotiating posture and position that he is starting from. if we look back to that horrible debt ceiling...
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again, though, the most important dynamic here is between the president and boehner. >> yes. >> and boehner and republicans who have not voted to raise any taxes in washington in, what, 20, 25 years? >> mm-hmm. >> and so, as mark said, the president has just made john boehner's job much, much more difficult. everybody is looking at tom cole now who is going to be prima primaried. this is what happens when you go and try to meet democrats halfway. according to "the new york times," they start with a proposal that's loaded with democratic priorities. according to "the wall street journal," the first offer was provocative. suddenly tom cole looks like an idiot out there. >> or he gives someone to boehner's left so he doesn't look so extreme. >> but, again, the president by putting this offer out there just made it impossible for another tom cole to step out and be responsive. >> the curt phone call between ba boehner and the president makes me feel they are posturing and getting -- >> first of all, i couldn't disagree more. i think there are lines of optimism to be seen very clearly in this de
again, though, the most important dynamic here is between the president and boehner. >> yes. >> and boehner and republicans who have not voted to raise any taxes in washington in, what, 20, 25 years? >> mm-hmm. >> and so, as mark said, the president has just made john boehner's job much, much more difficult. everybody is looking at tom cole now who is going to be prima primaried. this is what happens when you go and try to meet democrats halfway. according to "the...
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and if you listen to speaker boehner, it's not going very well. take a listen. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john boehner trying to sort of protect his caucus at this point because he probably understands that at the end of the day, that top rate is going to go up. and republicans are in a really awkward pos
and if you listen to speaker boehner, it's not going very well. take a listen. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so...
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boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a lot of concerns about headline risks over the weekend. we could be down 10, 15 on the s&p monday morning on something tha
boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he...
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speaker boehner says he is waiting to see those. >>shepard: a lot of the president's base criticized him in their mind from negotiating from a point of weakness. a lot of that, he could be going for that base, they have a long way to go before republicans will play. >>guest: they do. talking of the political bases on the conservative side, there is a lost treasure on speaker boehner to not give in on what is the holy grill for them, which is not raising tax rates. so speaker boehner reiterated today that he would be willing to wipe out some deductions and make other tax changes but he wants to lower rates. not race rates the he had choice words for the president. >> i took a great risk. the white house spent three weeks frying to develop a proposal, with one up here that calls for $1.6 trillion in new taxes. calls for not even $400 billion in cuts. and they want to have this extra spending that is actually greater than the amount they are willing to cut. it was not a serious proposal. so right now we are almost nowhere. >>reporter:
speaker boehner says he is waiting to see those. >>shepard: a lot of the president's base criticized him in their mind from negotiating from a point of weakness. a lot of that, he could be going for that base, they have a long way to go before republicans will play. >>guest: they do. talking of the political bases on the conservative side, there is a lost treasure on speaker boehner to not give in on what is the holy grill for them, which is not raising tax rates. so speaker boehner...
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and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they have some details about the proposal brought here from tim geithner. they say the white house is offering $1.6 trillion in tax increases over ten years, 400 billion in cuts coming later. and no new proposals dealing with entitlement reform. republicans say for them, a nonstarter. >> kelly o'donnell, another cold night on capitol hill. thank you. >>> and as this debate goes on, a memorial service in washington today for a long-time budget-cutting warrior, former senator warren rudman, and david suitor was among them, and former senator and white house chief of staff, howard baker, a republican from new hampshire who authored a bill that included automatic spending cuts way back in '85. warren rudman went on to found the coalition that pushed for reducing the deficit. sena
and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they have some details about the proposal brought here from tim geithner. they say the white house is offering $1.6 trillion in tax increases over ten years, 400 billion in cuts...
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>>guest: not john boehner, and mcconnell is not either. you heard yesterday when treasury secretary geithner put the plan on the table, mcconnell literally laughed out loud because they saw sticker shot on republican side. they believe the president campaigned on $800 billion tax increases back over the last few months and now suddenly it is doubled to $1.6 trillion because it is not just about going back to the old clinton tax rates and letting the bush rates expire it is also about adding new taxes on capital gains, dividends, et cetera. the push back is the president campaigned on this and he believes he won that argument, and he believes that once republicans give in on the tax argument, at least extend the bush rates for the middle class, as the president says, 98 percent, basically, he will talk about spending cuts and i think that is the other frustration republicans have, they think if they give in on taxes, now, with a promise of spending cuts later, those cuts will never materialize. >>neil: do folks at white house think there wi
>>guest: not john boehner, and mcconnell is not either. you heard yesterday when treasury secretary geithner put the plan on the table, mcconnell literally laughed out loud because they saw sticker shot on republican side. they believe the president campaigned on $800 billion tax increases back over the last few months and now suddenly it is doubled to $1.6 trillion because it is not just about going back to the old clinton tax rates and letting the bush rates expire it is also about...
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president obama and speaker john boehner are locked in a whatever words this afternoon one day after republicans rebuffed the president's first proposal to overt the so-called fiscal cliff. first up, the president. the president who traveled to a toy company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me and i don't think it's acceptable to for you republicans to hold tax cuts hostage because they don't want rates on upper folks to go up. >> john boehner scheduled a last minute news conference. fired back with this. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recessing one day early next would he week. joining me now from th
president obama and speaker john boehner are locked in a whatever words this afternoon one day after republicans rebuffed the president's first proposal to overt the so-called fiscal cliff. first up, the president. the president who traveled to a toy company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me...
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downjohn boehner and is deliberately going against the american people. that's what makes it so funny. >> stephanie: it's so much fun. >> yes. >> stephanie: mike, go ahead. >> caller: you were saying that john boehner for four years has been standing up in press conference after press conference telling the american people what they want. now they're telling him what they want, he won't do anything. >> stephanie: the president made this point john, when he was elected. even in the exit polling even the people who didn't vote for me agree with me on this issue. >> exactly. and yet the republican people keep voting for republicans again. they're likely like rihanna and keep going back for more abuse. >> stephanie: lance, go ahead. >> caller: how. >> stephanie: good, go ahead. >> caller: i really enjoy you and the guys and i want to tell you that your show is one of favorite political shows. >> stephanie: thank you. >> caller: i got a couple of questions for you. you saw the other day where it said in the date of texas there would be more registered democrat
downjohn boehner and is deliberately going against the american people. that's what makes it so funny. >> stephanie: it's so much fun. >> yes. >> stephanie: mike, go ahead. >> caller: you were saying that john boehner for four years has been standing up in press conference after press conference telling the american people what they want. now they're telling him what they want, he won't do anything. >> stephanie: the president made this point john, when he was...
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does he hear what john boehner has to say? does he internalize it? do we hear something acknowledging republican resistance to what he laid out today in pennsylvania or not? >> reporter: well, i think he certainly is hearing and listening to john boehner, but he also believes that he has the upper hand having just won re-election and this trip to pennsylvania today is sort of a larger pr campaign that the president and the white house have been embarking on to get voters, to pressure congressional republicans to get onboard with the president's plan of increasing taxes on wealthier americans. he's traveling to pennsylvania today. he has had had business leaders here at the white house, also leaders of the progressive movement to sort of build support for his plan and today specifically he'll be visiting a toy manufacturer in pennsylvania to sort of make the case that businesses like the toy manufacturer benefit and will continue to benefit if lawmakers get a deal on this payroll tax cut and if they -- on the fiscal cliff, rather, and if they don't, i
does he hear what john boehner has to say? does he internalize it? do we hear something acknowledging republican resistance to what he laid out today in pennsylvania or not? >> reporter: well, i think he certainly is hearing and listening to john boehner, but he also believes that he has the upper hand having just won re-election and this trip to pennsylvania today is sort of a larger pr campaign that the president and the white house have been embarking on to get voters, to pressure...
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john boehner believes they are going nowhere fast. their frustration is the president campaigned on raising taxes of $800 billion and the proposal yesterday was $1.6 billion in taxes, but there is also new spending, about $50 billion. john boehner teed off on that. >> the white house spent three weeks trying to develop a proposal and they sent one up here that calls for $1.6 trillion in new taxes. calls for not even $400 billion in cuts, and they want to have this extra spending that's actually greater and the amount they are willing to cut. it's different was not a serious proposal. >> reporter: boehner saying he stuck his neck out the day after the elect when he said he would put tax revenues on the table. he believes there is very little progress on the white house side in terms of spending cuts. so the boehner position is until the white house puts more spending cuts on the table he's not ready to kit a deal. the white house position is you have got to move forward on this tax position and we'll deal with spending cuts later. they
john boehner believes they are going nowhere fast. their frustration is the president campaigned on raising taxes of $800 billion and the proposal yesterday was $1.6 billion in taxes, but there is also new spending, about $50 billion. john boehner teed off on that. >> the white house spent three weeks trying to develop a proposal and they sent one up here that calls for $1.6 trillion in new taxes. calls for not even $400 billion in cuts, and they want to have this extra spending that's...
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believe me, he was speaking right at you john boehner. it's friday, it's "the war room," and we're just getting started. stick around. mints called mints? answer in a moment. brought to you by ice breakers mints. break the ice. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. salads, sandwiches, and more. but whether he's climbing everest, scuba diving the great barrier reef with sharks or jumping into the market he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things like what the market is doing and being ready, no matter what happens which isn't rocket science. it's just common sense from td ameritrade. >> obama: i've been keeping my own naughty and nice list for washington. so you should keep your eye on who gets some correct th
believe me, he was speaking right at you john boehner. it's friday, it's "the war room," and we're just getting started. stick around. mints called mints? answer in a moment. brought to you by ice breakers mints. break the ice. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99....
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. >> reporter: house speaker john boehner emerged from his sit- down with the president's negotiating team to declare he was disappointed. two weeks after the election, the speaker said democrats have yet to show what he called "adult leadership." >> right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they are really willing to make. >> reporter: that's not how the white house sees it. the administration called the republican position that tax rates should not change implausible after the election. and the white house warned republicans against using the debt limit as leverage to force agreement. >> asking for... that a political price be paid in order for congress to do its job, to ensure that the united states of america pays its bills and does not default for the first time in its history, is deeply irresponsible. >> reporter: at least talks are going on. the speaker and the president spoke by phone for almost half an hour last
. >> reporter: house speaker john boehner emerged from his sit- down with the president's negotiating team to declare he was disappointed. two weeks after the election, the speaker said democrats have yet to show what he called "adult leadership." >> right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they are really...
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still to come, speaker boehner set to make comments on the cliff. a big debate. doug holtz eakin and harold ford jr. will battle it out over how to solve this thing. final trades when we come back. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's sol
still to come, speaker boehner set to make comments on the cliff. a big debate. doug holtz eakin and harold ford jr. will battle it out over how to solve this thing. final trades when we come back. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares...
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all they do is come out, and mitch mcconnell laughs, and boehner says it's terrible. there's a fiscal cliff, and this offer isn't good. show me the money, folks. you have the power. you're bragging about the fact that you kept the house. good. show us your offer. put down your offer. now, here's my view on this. and it is the same as the president's in this respect. rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has passed a bill that would give the middle class 98% of the people their tax cut. it is done. it's in a package. it's sitting at our desk. and all that has to happen is for the house to take it up. the only reason they're not taking it up is they want millionaires and billionaires to get their taxes cut, too. and this was a big issue in the campaign, thomas. so why don't we, instead of throwing insults, why don't they just pick up and pass that part as their own republican, tom cole suggested, let's have some good faith here, and we'll hammer out the rest of it. >> so senator, one thin
all they do is come out, and mitch mcconnell laughs, and boehner says it's terrible. there's a fiscal cliff, and this offer isn't good. show me the money, folks. you have the power. you're bragging about the fact that you kept the house. good. show us your offer. put down your offer. now, here's my view on this. and it is the same as the president's in this respect. rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has...
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so boehner has said he would accept a tax increase of $800. the white house plan is asking for $1.6 trillion, which is double that. why did president obama put forth such an aggressive plan, as many are calling it? this is really a serious offer. >> first of all i'd like our republican friends to stop a war on the working people of america. that is what the ultimate nonaction will impact. i think the president has made it very clear that he is responding to the affirmation of his position on november 6th, 2012. but he is not in any way hesitant to negotiate. $2.4 trillion were the bush tax cuts that resulted in this enormous deficit, because in the 199os, we had a $5.6 trillion surplus. what the president is trying to do is to give relief to working people, and as well provide revenue to continue to support the needs of this nation. such as mayor bloomberg, who's just come to washington and asked for an enormous amount of money, rightly so, to help those who've been victims of hurricane sandy. so the president is not in any way suggesting that
so boehner has said he would accept a tax increase of $800. the white house plan is asking for $1.6 trillion, which is double that. why did president obama put forth such an aggressive plan, as many are calling it? this is really a serious offer. >> first of all i'd like our republican friends to stop a war on the working people of america. that is what the ultimate nonaction will impact. i think the president has made it very clear that he is responding to the affirmation of his position...
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, and it would be deeply irresponsible if we were to see that kind of approach taken again. >> with boehner calling on the white house to lay out specific spending cuts, senate majority leader harry reid offered his own response to the house speaker. >> he says that democrats have got to get serious about cuts, spending cuts. where's the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> huh. don't understand his brain. i don't understand your senate that hasn't produced a budget in, what, three, four years? >>> on to other news, president obama and mitt romney agreed to stay in touch following their face-to-face sit-down at the white house. the two met privately yesterday over lunch to share ideas about solving challenges facing the nation. they also discussed the possibility of working together in the future. the white house described the meeting as friendly. as the former rivals shared a meal of light turkey chili and chicken salad. >>> former president george h.w. bush is expected to be released from a houston hospital this weekend after suffering complic
, and it would be deeply irresponsible if we were to see that kind of approach taken again. >> with boehner calling on the white house to lay out specific spending cuts, senate majority leader harry reid offered his own response to the house speaker. >> he says that democrats have got to get serious about cuts, spending cuts. where's the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> huh. don't understand his brain. i don't understand...
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including, in my opinion, john boehner. however, we ought not to hold hostage middle-class tax cuts, and that's what you're talking about, tom cole, that wasn't a question of compromise, it was simply to say, look, we all agree that middle-class tax rates ought not to get a tax increase on january 1st. not good for them. not good for the economy. we'll pass that. the senate's passed a bipartisan bill that called for that. tom cole the former chairman of the republican campaign committee in the house of representatives said just earlier this week we'll all pass that. i agree with him. secondly, the republicans have agreed that we need to have some sort of balance, more and more republicans are saying we need to have revenues. you cannot do it simply with cutting spending. thirdly, i don't think that anybody wants to hurt the vulnerable in america. >> no, i think -- but the question, the question here is, is on the issue of taxes for instance. the president proposed tax cuts -- i'm sorry tax increases that went beyond what th
including, in my opinion, john boehner. however, we ought not to hold hostage middle-class tax cuts, and that's what you're talking about, tom cole, that wasn't a question of compromise, it was simply to say, look, we all agree that middle-class tax rates ought not to get a tax increase on january 1st. not good for them. not good for the economy. we'll pass that. the senate's passed a bipartisan bill that called for that. tom cole the former chairman of the republican campaign committee in the...
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. >> well, you know, speaker boehner had a president here in washington. he is very clear that he is not trying to impose his real. he says tax hikes just are not good for the economy. that money should be invested. you are hearing, though, from the white house, we have already put in place a trillion dollars of cuts. we have something on the table. we are the republican proposals. we are talking politics in that nobody wants to go first and really lay out what they are about for fear that there will be a tremendous political consequence on things like cuts to medicare. lori: those cuts, as you know, nearly not enough. the second quarter gdp reading extremely disappointed. let's just call a spade a spade. we know hurricane sandy will shave another point or so off of growth. >> i think it is. that is why despite all of this, what i think of as process, it is a lot of posturing. it is a lot of politicking. people still remain convinced that these guys cannot be serious. they cannot be serious about pushing us off the fiscal cliff because it will have bad res
. >> well, you know, speaker boehner had a president here in washington. he is very clear that he is not trying to impose his real. he says tax hikes just are not good for the economy. that money should be invested. you are hearing, though, from the white house, we have already put in place a trillion dollars of cuts. we have something on the table. we are the republican proposals. we are talking politics in that nobody wants to go first and really lay out what they are about for fear...
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boehner took a risk, tom cole took a risk and he undercut them. he made them look stupid with what he did yesterday. they feel furious, they feel burned so you have to help your people along. you have to make it more possible. and so that's why i think you just got to what he offered was not only a balanced deal that would be fine if he offered something balance, he offered something even worse from the republican point of view than what he had offered a couple years ago. so he started with drawing things off the tab and it seemed like chest beats. >> we just went through an election, david. the republicans are the ones who are for medicare kurkts they really are. so what he is basically saying is okay this is my proposal. i am going to increase taxment i won that. okay, now where is yours. >> it sounds like-- ness you want to come up with a medicare cuts. >> no, we don't want to come with the medicare cuts. >> it sounds like the two guys on the president's shoulder, right. >> i got to be tough because i won or the process, i got to -- >> i got to
boehner took a risk, tom cole took a risk and he undercut them. he made them look stupid with what he did yesterday. they feel furious, they feel burned so you have to help your people along. you have to make it more possible. and so that's why i think you just got to what he offered was not only a balanced deal that would be fine if he offered something balance, he offered something even worse from the republican point of view than what he had offered a couple years ago. so he started with...
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yesterday, john boehner moved the markets higher. it was joyful talk about a possible deal, but today, it was like a break-up over tax. he went from love to disgust. here he is right after tim geithner put that deal on the table. >> no progress has been made in the talks between the white house and the house over the last two weeks. >> all right. that's pretty grim. stocks lost early games on that news and the day went downhill. harry reid slapped back. >> still waiting for a serious offer from the republicans. >> so they agree on something. no progress. but then it actually went beyond that. reid got a little personal. >> i don't understand his brain so you should ask him, okay? >> funny, but really not so funny. so what happens when the men in charge start throwing sand in the sand box? we just go over the cliff like some are now suggesting? recall what erskine bowles said two weeks ago. >> i think that's crazy. you know, why would you bet the country? really bet the country by going over this fiscal cliff. >> crazy? betting the co
yesterday, john boehner moved the markets higher. it was joyful talk about a possible deal, but today, it was like a break-up over tax. he went from love to disgust. here he is right after tim geithner put that deal on the table. >> no progress has been made in the talks between the white house and the house over the last two weeks. >> all right. that's pretty grim. stocks lost early games on that news and the day went downhill. harry reid slapped back. >> still waiting for a...
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yesterday, john boehner moved the markets higher. it was joyful talk about a possible deal, but today, it was like a break-up over tax. he went from love to disgust. here he is right after tim geithner put that deal on the table. >> no progress has been made in the talks between the white house and the house over the last two weeks. >> all right. that's pretty grim. stocks lost early games on that news and the day went downhill. harry reid slapped back. >> still waiting for a serious offer from the republicans. >> so, they agree on something. no progress. but then it actually went beyond that. reid got a little personal. >> i don't understand his brain so you should ask him, okay? >> funny, but really not so funny. so what happens when the men in charge start throwing sand in the sand box? we just go over the cliff like some are now suggesting? recall what err skine bowles said two weeks ago. >> i think that's crazy. you know, why would you bet the country? really bet the country by going over this fiscal cliff. >> crazy? betting the
yesterday, john boehner moved the markets higher. it was joyful talk about a possible deal, but today, it was like a break-up over tax. he went from love to disgust. here he is right after tim geithner put that deal on the table. >> no progress has been made in the talks between the white house and the house over the last two weeks. >> all right. that's pretty grim. stocks lost early games on that news and the day went downhill. harry reid slapped back. >> still waiting for a...
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john boehner saying, quote, right now we're almost nowhere. republicans were very much offended that timothy geithner brought to them a deal some of them had seen about three weeks ago and they thought was absolutely ludicrous, saying this was not a good faith effort by the white house, that in fact it was a completely illogical approach when you have a conservative house republican consfrens. what i'm hearing more than anything is that house republican aides are saying look, we have had a pathway to get to a deal before. it was apparent in 2011. why won't the white house look more at the things we could agree on back then as a practical way forward. democrats are saying look, that was the summer of 2011. that is off the table now. we won the election we're going to do things our way. so until that issue is sort of figured out and until republicans move on entitlements, democrats saying okay, we're open to entitlement reform, you got to tell us what you want, there is going to be this stalemate in place. there has been this sort of sense of op
john boehner saying, quote, right now we're almost nowhere. republicans were very much offended that timothy geithner brought to them a deal some of them had seen about three weeks ago and they thought was absolutely ludicrous, saying this was not a good faith effort by the white house, that in fact it was a completely illogical approach when you have a conservative house republican consfrens. what i'm hearing more than anything is that house republican aides are saying look, we have had a...
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house speaker john boehner also spoke to president obama on the phone last night. he said he wanted to know where the administration would rein in spending, but that he had heard nothing new. >> i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president is really willing to do. listen, i remain hopeful that productive conversations in the days ahead can be had but the white house has to get serious. >> sreenivasan: senate minority leader mitch mcconnell echoed that complaint. in a statement, he said, "today, they took a step backward and significantly closer to the cliff." conversely, white house spokesman jay carney charged republicans failed to provide any details on what they could tolerate in the way of tax increases. >> the president has always engaged in this with real numbers. when you talk about flexibility on revenue, all we've heard so far and it's welcomed, don't get me wrong, but we've heard that yes, revenue on the table but we need more than that. >> sreenivasan: away from the microphones, there were re
house speaker john boehner also spoke to president obama on the phone last night. he said he wanted to know where the administration would rein in spending, but that he had heard nothing new. >> i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president is really willing to do. listen, i remain hopeful that productive conversations in the days ahead can be had but the white house has to get serious. >> sreenivasan: senate minority...
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>> i think there's no volatile ty on boehner's comments because geithner's comments were out there last noor nigight for eveo see. we're not going to hear anything sensible. now it becomes a time clock issue. i think sometime around the third week in december if you think the last hour was volatile going from minus 20 to plus 4, you ain't seen nothing yet. all the guests like the economy. i'm not disputing good things, but gdp didn't have a lot of consumption. today, personal income and spending, the spending was down a couple tenths. next week we have two jobs reports. one could argue the combination might be barely above the 171 from just the bls last month. people can't spend without jobs. same old story in my opinion. >> yeah, but david kelly, what about that? i know you don't want to be a short-term trader and have these knee-jerk reactions. let's face it. if we go over the fiscal cliff and this market takes a hit, i mean, there's a lot of room for disappointment in this market. this market is trading as if a deal gets done by the end of the year. if we don't, we could see a sizabl
>> i think there's no volatile ty on boehner's comments because geithner's comments were out there last noor nigight for eveo see. we're not going to hear anything sensible. now it becomes a time clock issue. i think sometime around the third week in december if you think the last hour was volatile going from minus 20 to plus 4, you ain't seen nothing yet. all the guests like the economy. i'm not disputing good things, but gdp didn't have a lot of consumption. today, personal income and...
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john boehner versus the president of the united states. and we want to just look at the sound bites from today and talk about how much of this is posturing and how much of this is sort of revealing a bottom line. let's listen. >> when i came out the day after the election and make it clear that republicans will put revenue on the table, i took a great risk. and then the white house spends three weeks trying to develop a proposal. and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it was not a serious proposal. and so right now we're almost nowhere. >> -- this should come as a surprise to anybody. we had debates about it, a lot of tv commercials about it. and at the end of the day a clear majority of americans, democrats, republicans, independents, they agreed with a balanced approach to deficit reduction and making sure that middle class taxes don't go up. f
john boehner versus the president of the united states. and we want to just look at the sound bites from today and talk about how much of this is posturing and how much of this is sort of revealing a bottom line. let's listen. >> when i came out the day after the election and make it clear that republicans will put revenue on the table, i took a great risk. and then the white house spends three weeks trying to develop a proposal. and they send one up here that calls for $1.6 trillion in...
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the ball is now in john boehner's court. what do you think is going to happen? >> over the last four years, the republicans have tried to negotiate in good faith. even two years ago, when the first debt ceiling came up, they said they would put revenues on the table and try to work with our caucus on that. what can we get in return and the president said, basically, nothing. i will not do serious spending cuts. i am not going to do entitlement reform. i am not giving you anything. they came to the table thinking the president would meet them halfway and give them at least something that they want and the president is, yet again, not giving them anything. i think this is what the president wants. he wants the tax rates to go up. even if that means on everybody. that means more revenue going into the government. he wants the defense cuts. he proposed even more spending. 2 billion more in spending. connell: even from congress today, there have been republicans hear similar things. it does leave them and whatever that is, it does leave them in a tough spot. now, boe
the ball is now in john boehner's court. what do you think is going to happen? >> over the last four years, the republicans have tried to negotiate in good faith. even two years ago, when the first debt ceiling came up, they said they would put revenues on the table and try to work with our caucus on that. what can we get in return and the president said, basically, nothing. i will not do serious spending cuts. i am not going to do entitlement reform. i am not giving you anything. they...
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obama insisting they go up, boehner insisting they don't. >> listen, this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. >> reporter: and taxes aren't the only sticking point. republicans are demanding the president come forward with a plan to limit spending on medicare and social security, something many democrats say is just not acceptable. >> i didn't have my own card with me. jill wouldn't let me have one. >> reporter: vice president biden got into the act today, too, taking a break from christmas shopping and snacking at costco to urge congress to extend middle class tax cuts. >> i think it's important congress acts now. i mean, right now. >> reporter: can mitt romney, with all his business experience, play a role on brokering a deal? well, don't count on it, diane. the president did not ask for his help today and the two simply agreed to keep in touch. and for now, nothing more. >> all right, thank you, jonathan karl. >>> and now, we move onto two towns that had reason to rejoice today. two tickets wo
obama insisting they go up, boehner insisting they don't. >> listen, this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. >> reporter: and taxes aren't the only sticking point. republicans are demanding the president come forward with a plan to limit spending on medicare and social security, something many democrats say is just not acceptable. >> i didn't have my own card with me. jill wouldn't let me have one....
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john boehner is reswrekting the president's michelle proposal involving the fiscal cliff. let's lisp in. >> the president in the coming days. during the campaign the president pledged to american people that he would seek a balanced approach to addressing the debt with a combination of new revenues and spending cuts. the day after the election i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reforms. now, the white house took three weeks to respond with any kind of a proposal, and much to my disappointment, it wasn't a serious one. still, i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue, reforming the tax code to close loopholes and lower tax rates. it's far better for the economy when the american people paver on that approach by 2-1. they favor it eep more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the last cou
john boehner is reswrekting the president's michelle proposal involving the fiscal cliff. let's lisp in. >> the president in the coming days. during the campaign the president pledged to american people that he would seek a balanced approach to addressing the debt with a combination of new revenues and spending cuts. the day after the election i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reforms. now, the white...
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house speaker boehner said yesterday that he was seeing no progress in negotiations but the democrats, they don't really agree with that too much. they think the g.o.p. is ready to cave in and pass the plan that would extend the bush tax cuts for everyone except the top 2%. now, that's of course a pretty big gamble but since many republicans are calling for the same and back away from norquist's pledge, the democrats do feel like they have some pretty big leverage. that deal would just solve part of the problem and put much of the negotiations off until next year. we'll be right back. alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ male announcer ]
house speaker boehner said yesterday that he was seeing no progress in negotiations but the democrats, they don't really agree with that too much. they think the g.o.p. is ready to cave in and pass the plan that would extend the bush tax cuts for everyone except the top 2%. now, that's of course a pretty big gamble but since many republicans are calling for the same and back away from norquist's pledge, the democrats do feel like they have some pretty big leverage. that deal would just solve...